Hundreds of thousands of Americans started looking for jobs and employers added 213,000 to their payrolls last month, the Labor Department said Friday. Many of those job seekers were snapped up by employers while some were counted as unemployed while they sought out work, which helped push the jobless rate up to 4.0%, from an […]
The number of Americans seeking Social Security disability benefits is plunging, a startling reversal of a decades-old trend that threatened the program’s solvency. It is the latest evidence of a stronger economy pulling people back into the job market or preventing workers from being sidelined in the first place. The drop is so significant that […]
The California economy cooled a bit in May as employers added just 5,500 net jobs. The unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department. The numbers reflect a slowdown from April, when the state added 25,600 jobs, according to Friday’s downward revision. […]
The U.S. labor market was firing on all cylinders in May: the unemployment rate fell to an 18-year low, employers added jobs at a faster pace and wages modestly improved. The unemployment rate ticked down to a seasonally adjusted 3.8%, matching April 2000 as the lowest reading since 1969, the Labor Department said Friday. Nonfarm […]
California added 39,300 net new jobs in April, as the unemployment rate fell from 4.3% to a new record low of 4.2%, according to data released Friday by the state Employment Development Department. The report indicates that the California economy remains robust despite some fears job growth was tapering off. April showed marked improvement compared […]
When the state could not repay the loans, the feds indirectly raised payroll taxes on California employers, which are expected to finally erase the debt this year. The state’s own report on its UIF, issued last October, projects that it will end 2018 with a positive balance of $1.8 billion, and 2019 with $2.3 billion, […]
The number of Americans applying for unemployment benefits fell to the lowest level since 1969, the latest sign the labor market is firming after years of steady job growth. Initial jobless claims, a measure of layoffs across the U.S., fell 24,000 to a seasonally adjusted 209,000 in the week through April 21, the Labor Department […]
In a signal that California’s economic engine could be slowing after a remarkable run, the state lost 7,200 net jobs last month and increases in February were far less than originally estimated, according to data released Friday by the Employment Development Department. The decline was the first in nearly two years and follows a disappointing […]
The number of Americans claiming new unemployment benefits has never been so low for so long. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 9,000 to a seasonally adjusted 233,000 in the week ended April 7, the Labor Department said Thursday. This means claims have now held below 300,000 for 162 […]
Hiring slowed in March from February’s robust pace and the unemployment rate held at a 17-year low, consistent with a tight but not overheating labor market producing modest wage gains. U.S. nonfarm payrolls rose a seasonally adjusted 103,000 in March—the smallest gain in six months, the Labor Department said Friday. It was a pullback from […]
California’s unemployment rate fell to 4.3 percent in February as the state’s employers added 14,000 nonfarm payroll jobs. The state Employment Development Department said Friday that the figure is a new record low. The unemployment rate was 4.4 percent in January and 5.1 percent in February 2017.
Robust hiring is drawing people into the U.S. labor market, a healthy mix that suggests the economy can run strong without overheating and forcing the Federal Reserve to curb growth with aggressive interest-rate increases.
The civilian labor-force-participation rate peaked in the 1990s, and has been falling steadily ever since. There are many factors that have been driving this lower, including demographics. The gender differential is noteworthy: For men, labor-force participation began moving steadily lower right after World War II around 1948; for women, it peaks around 1999, started drifting […]
The number of Americans filing new applications for unemployment benefits fell last week to the lowest level since December 1969, offering fresh evidence of health in the labor market. Initial jobless claims, a proxy for layoffs across the U.S., declined by 10,000 to a seasonally adjusted 210,000 in the week ended Feb. 24, the Labor […]
Though the labor market has grown robustly nationwide this year, progress has been uneven across blue states and red states. An increasing number of people in red states have stopped looking for work, while a larger share of people in blue states are actively in the workforce.